Ticor Title Insurance Company Expands with Opening of National Commercial Division in New York
|June 2, 2004|
NEW YORK - Ticor Title Insurance Company has launched Ticor Title National Commercial Division, which will be headquartered in Manhattan. The group will manage and coordinate a comprehensive portfolio of commercial transaction services, as well as high-end residential services, in New York and nationwide.
Through Ticor Title’s affiliate offices, including its commercial divisions in Los Angeles, Chicago and Portland, Oregon, the Ticor Title National Commercial Division will coordinate 1031 exchange services, intelligent e-business solutions and escrow closings, as well as multi-state and international title solutions.
Ticor Title is part of Fidelity National Financial, Inc. (NYSE: FNF), the nation’s largest title insurance and escrow company. FNF has the largest claims reserves in the industry and has earned "A” ratings from Standard& Poor’s, Fitch and A.M. Best.
"As the financial and real estate capital of the country, New York is a challenging market,” said FNF Executive Vice President and Co-Chief Operating Officer Chris Abbinante. "We’re confident that we will bring the unmatched financial strength, in-depth experience and breadth of products and services needed to better support our clients and strengthen FNF’s number-one market share in New York and the industry.”
As a direct underwriter, Ticor Title’s National Commercial Division will primarily serve real estate attorneys, institutional lenders and investors, developers, corporate and government organizations, Real Estate Investment Trusts (REITS) and other segments involved in commercial property transactions.
Source: Ticor Title Insurance